The Phoenix Mills Limited has released its Investor Presentation dated May 2025, providing an overview of the company's performance in FY25 and outlining its future growth strategy.

• FY25 Highlights:

  • Consolidated Revenue from operations stood at ₹3,814 crore (down 4% vs FY24), with Operating EBITDA at ₹2,161 crore (flat vs FY24).
  • Core Businesses (Retail, Offices, Hotel) Revenue from operations grew by 16% to ₹3,507 crore, and Operating EBITDA increased by 16% to ₹2,111 crore.
  • Consumption across retail malls reached ₹13,750 crore, up 21% vs FY24.
  • Retail Rental Income was ₹1,951 crore, up 18% vs FY24.
  • Retail EBITDA was ₹2,010 crore, up 20% vs FY24.
  • Operational FCF (after working capital, taxes, and interest paid) was ₹1,738 crore in FY25.

• Operational Portfolio (FY25):

  • Retail: 12 malls, >11 msft GLA, across 8 cities.
  • Commercial Offices: 5 offices, 2 msft, across 2 cities (67% occupancy as of Mar 25).
  • Hospitality: 988 keys (operational).
  • Residential: ~3 msft OC Received Area.

• Recent Developments:

  • OC received for Tower 3 (~0.52 msft) at Millennium Towers, Pune, with pre-leasing commenced.
  • OC received for Phoenix Asia Towers, Bangalore (~0.80 msft GLA), launching soon, with pre-leasing commenced.
  • Unveiling of the West Zone at Phoenix Palladium Mumbai, adding 250,000 sq ft of GLA.

• Financial Position (31 Mar 25):

  • Gross Debt of ₹4,409 crore.
  • Liquidity (Bank balance + Investments + DSRA) of ₹1,702 crore.
  • Net Debt of ₹2,707 crore.
  • Net Debt to EBITDA ratio of ~1.2x.

• Land Acquisitions (Dec 2022 - Sept 2024):

  • Acquired ~53 acres across Chandigarh/Mohali, Surat, Kolkata, Thane, Bangalore, and Coimbatore.
  • Total committed consideration towards these acquisitions is ~₹2,852 crore.
  • Plans include ~11.5 acres for Retail-led Mixed use in Chandigarh/Mohali, ~7.2 acres for Retail in Surat, ~11.5 acres for Retail-led Mixed use in Kolkata, ~6.6 acres under planning in Thane, ~9.0 acres for Retail in Bangalore, and ~5.5 acres for Residential in Coimbatore.

• Growth Roadmap:

  • Targeting >14 msft Retail GLA, >7 msft Commercial GLA, ~4.5 msft Residential area, and ~988 hospitality keys by 2027.
  • Aiming to reach >18 msft Retail GLA by 2030.
  • Future expansion targets include cities like Thane, Vishakapatnam, NCR, Coimbatore, Nagpur, Navi Mumbai, Chandigarh/Mohali, Cochin, Goa, Hyderabad, Trivandrum, Varanasi, and Jaipur.